This company has a great thing going for them. I love the inventive way that this company moves in and tries to extract more oil from areas that have already been vacated. In an era where every drop is valuable, I believe this stock to be a great niche and every bit as rewarding.

Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's been less than a week, but so far so good!

EPM is likely to be able to claim 10-15 million barrels of oil reserves once CO2 injection into the Delhi Field begins. The project is well capitalized through Denbury Resources, the company is flush with cash and they have a plan for longterm growth. They do not need to dilute the company with stock offerings since they will soon have the cash flow for all their projects.

On the news page of EPM’s website, (http://www.evolutionpetroleum.com/news/SMH%20Nov%202007L.ppt), there is a slide show presentation that gives a timeline for the Delhi Field Development. The slide show projects CO2 injection in the second quarter of 2008. The presentation is dated Nov. 8th 2007. EPM acquires known onshore oil and gas fields that “matured prior to modern technology . . . . .and recent increase in oil and gas prices.” . EPM is 19% owned by management, so they must be betting on being successful.